FullTimeTrader
Short

GBPUSD-bullish cypher forming on D1 chart

FX:GBPUSD   British Pound/U.S. Dollar
925 4 11
As you know im very bearish on this pair. It seems a textbook cypher is forming here.
The completion of this cypher coincides with a long term level of S/R visible on W1 chart:
snapshot
We could sell now against 1.5500 level and then look for longs at the cypher completion.
Best Regards.

*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 60% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectful and constructive ideas are welcome (agree or disagree).
We all are here to learn sharing ideas, have fun and improve our performance.
gfglenn1 PRO
2 years ago
I would like to know the difference between Forex FX and Forex IDC?
Reply
FullTimeTrader gfglenn1
2 years ago
Hello, i dont know also, seems not very important. You can search on the internet.
Reply
freeseries
2 years ago
You have only one TP level for cable?
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FullTimeTrader freeseries
2 years ago
Hello, since im trading the point C of the cypher there no specific rules for TP. The target is ideal but we can put one more target on nex support level near 1.5163. Regards.
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